Top Three Momentum Stocks to Buy on March 5th
Investors looking for strong momentum and buy-ranked stocks should consider these three companies as of March 5th:
CommScope Holding Company, Inc. (COMM)
CommScope provides infrastructure solutions for communications, data centers, and entertainment networks. The company holds a Zacks Rank #1, with its earnings estimate for the current year rising 12.2% over the past 60 days.
Price and Consensus
CommScope Holding Company, Inc. price-consensus-chart | CommScope Holding Company, Inc. Quote
Over the past three months, CommScope’s shares have jumped 15.8%, while the S&P 500 has fallen by 5.1%. Moreover, it has a Momentum Score of A.
Price
CommScope Holding Company, Inc. price | CommScope Holding Company, Inc. Quote
BGC Group, Inc. (BGC)
BGC Group operates in the brokerage and financial technology sector. With a Zacks Rank #1, its earnings estimate for the current year has increased by 9.4% in the last 60 days.
Price and Consensus
BGC Group, Inc. price-consensus-chart | BGC Group, Inc. Quote
In recent months, shares of BGC have risen by 0.5%, contrasting with the 5.1% decline in the S&P 500. The company also possesses a Momentum Score of A.
Price
BGC Group, Inc. price | BGC Group, Inc. Quote
Annaly Capital Management, Inc. (NLY)
Annaly Capital Management is a diversified mortgage financing firm that also holds a Zacks Rank #1. Over the past 60 days, its earnings estimate for the current year has improved by 6%.
Price and Consensus
Annaly Capital Management Inc price-consensus-chart | Annaly Capital Management Inc Quote
Annaly’s stock has appreciated 7.9% in the last three months, in contrast to the S&P 500’s 5.1% decrease. The firm currently holds a Momentum Score of B.
Price
Annaly Capital Management Inc price | Annaly Capital Management Inc Quote
For a comprehensive list of top-ranked stocks, see the full list of top ranked stocks here.
To learn more about the Momentum score and how it is calculated here.
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This emerging semiconductor company is significantly smaller than NVIDIA, which has surged over 800% since our recommendation. The new top chip stock is well-positioned to tap into growing demand in Artificial Intelligence, Machine Learning, and the Internet of Things. Industry analysts forecast global semiconductor manufacturing to expand from $452 billion in 2021 to $803 billion by 2028.
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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
